EURUSD – Daily Analysis – 05th October, 2015

Date: 05th October, 2015

Currency Pair: EURUSD

EURUSD is able to show some bullish momentum and now advancing towards up. The immediate resistance can be seen at 1.1302. Last Friday the pair had tried to cross the strong resistance but unable to advance above it. It seems that 1.1302 is a strong barrier for today. Any bullish movement is clearly visible only above this particular level. Once it crosses the level 1.1395 will come into play followed by 1.1471.

On other hand 1.1133 is offering a strong intraday support. Subsequently, 1.1057 and 1.0964 are other support levels.

We’ve seen that despite of weak USD data (NFP) the pair didn’t able to cross the strong resistance. Further recovery is only possible above the level. However if the pair failed to cross the barrier than it’ll stuck into a limited range, the range would be 1.1302 – 1.1133.

Today’s Economic Events

Currency Event Impact Actual Forecast Previous
EUR Spanish Services PMI Low 59.7 59.6
EUR Italian Services PMI Low 54.8 54.6
EUR French Final Services PMI Low 51.2 51.2
EUR German Final Services PMI Low 54.4 54.3
EUR Final Services PMI Low 54.0 54.0
EUR Sentix Investor Confidence Low 12.2 13.6
EUR Retail Sales m/m Low -0.1% 0.4%
EUR Eurogroup Meetings Medium
USD Final Services PMI Low 55.7 55.6
USD ISM Non-Manufacturing PMI High 58.0 59.0
USD Labor Market Conditions Index m/m Low 2.1

4 Hours Chart

Daily Support And Resistance Levels

Currency Pair S1 S2 S3 R1 R2 R3
EURUSD 1.1133 1.1057 1.0964 1.1302 1.1395 1.1471
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